Gold Gains on Weaker Oil, Greenback; US Inflation Data in Focus
- Spot gold rose 0.3% to US$4,206.86 an ounce, while silver gained 0.5% to US$61.12.
- Lower oil prices and a weaker US dollar supported gold by easing inflation concerns.
- Investors are awaiting US Consumer Price Index data on Wednesday for clues about the Federal Reserve’s next policy move.
- Donald Trump said Russia and Ukraine had agreed to an energy ceasefire, but Volodymyr Zelenskiy said details had not yet been provided.
21 Articles
21 Articles
Gold gains on weaker oil, dollar; US inflation data in focus
aletihad.ae
برس بيGold prices rose on Monday, supported by a weaker dollar and lower oil prices, as investors awaited key U.S. inflation data this week for clues about the Federal Reserve's next monetary policy move. Spot gold rose 0.3% to $4,206.01 per ounce by 02:53 GMT, after hitting its highest level since October 2 earlier in the day. U.S. gold futures for December delivery also rose 0.3% to $4,230.40. Among other precious metals, spot silver rose 0.5% to $6…
Gold prices rose 0.3% to $4,206.01 per ounce as of 7:00 AM on Monday, October 12, driven by a weakening US dollar and falling oil prices. Spot gold was trading at 6,653 TL per gram, while the last recorded sale price for gold in the free market was...
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